24-karat gold rises to Rs231,000 per tola
MG News | March 28, 2024 at 01:21 PM GMT+05:00
March 28, 2024 (MLN): The domestic bullion continued its upward trend on Thursday, with 24-karat gold gaining Rs1,500 to Rs231,000 per tola.
The Karachi Sarafa Association reported that the price of 24-karat gold reached Rs198,045 per 10-gram, up Rs1,285 compared to previous session.
Similarly, the price of 22-karat gold was quoted at Rs181,541 per 10-gram.
On the other hand, silver prices remained unchanged, with 24-karat silver being sold at Rs2,580 per tola and Rs2,211.93 per 10-gram.
Globally, spot gold traded close to its record at $2,192.56 an ounce, down 0.11% on the day. Yesterday, the yellow metal rose 0.76%.
Investors are closely monitoring the personal consumption expenditures (PCE) index data, the Fed's preferred gauge of inflation, which may provide traders with a firmer view on when the Federal Reserve will start cutting interest rates.
Lower borrowing costs typically benefit the precious metal, which doesn’t yield interest.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 170,910.97 163.19M | 0.62% 1046.44 |
| ALLSHR | 103,370.75 387.96M | 0.63% 645.63 |
| KSE30 | 52,020.13 74.83M | 0.68% 349.71 |
| KMI30 | 246,208.42 62.79M | 0.81% 1977.60 |
| KMIALLSHR | 67,621.68 216.62M | 0.71% 479.85 |
| BKTi | 45,648.12 19.57M | 0.30% 136.87 |
| OGTi | 34,339.21 15.62M | 1.63% 552.16 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 89,760.00 | 90,250.00 87,745.00 | -680.00 -0.75% |
| BRENT CRUDE | 61.39 | 61.50 61.07 | 0.27 0.44% |
| RICHARDS BAY COAL MONTHLY | 91.00 | 0.00 0.00 | 1.00 1.11% |
| ROTTERDAM COAL MONTHLY | 97.30 | 0.00 0.00 | 0.60 0.62% |
| USD RBD PALM OLEIN | 1,016.00 | 1,016.00 1,016.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 57.69 | 57.80 57.38 | 0.25 0.44% |
| SUGAR #11 WORLD | 15.10 | 15.27 14.83 | 0.25 1.68% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|